Global Stocks Hit All-Time Highs as Rally Widens: Markets Wrap
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(Bloomberg) — Global stock gauges have record highs in their sights after a week in which affirmation that the Federal Reserve’s interest-rate easing cycle remains intact helped clear the way for a year-end rally.
Tech Stocks Rise in Late Hours on Broadcom Report: Markets Wrap
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(Bloomberg) — Stocks climbed in late trading after a positive report from Broadcom Inc. helped turn the tide for tech stocks.
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(Bloomberg) — Alcon Inc., the Swiss eye-care specialist, got its first bearish mark from analysts since August after Bank of America Corp. double downgraded the stock, warning that a slower rollout of its new eye-surgery machines will pressure profit growth.
Swiss National Bank Holds Interest Rate at Zero, Cuts Inflation Forecast
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(Bloomberg) — The Swiss National Bank kept its interest rate at zero, judging that a weakened inflation outlook doesn’t yet justify a return to negative borrowing costs.
Li Ka-shing Ports Sale Slows on Regulatory Hurdles, Cosco’s Role
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(Bloomberg) — Hong Kong tycoon Li Ka-shing’s attempt to sell CK Hutchison Holdings Ltd. ports in the Panama Canal and other locations around the world has slowed as negotiators try to untangle a web of issues hampering an agreement, including the role played by China’s biggest shipping company.
Stocks, Bonds Jump as Fed Is Sanguine on Economy: Markets Wrap
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(Bloomberg) — Bonds rose and stocks jumped as the Federal Reserve cut interest rates for a third consecutive time, and after Chair Jerome Powell voiced optimism that the economy will strengthen as the inflationary impact from tariffs proves temporary.
Switzerland’s 15% US Tariff Deal to Apply Retroactively
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(Bloomberg) — Switzerland’s agreement last month to get the US to lower tariffs on the country will be backdated to take effect on the day the deal was announced.
Swiss Parliament Elects Economy Chief Parmelin as President
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(Bloomberg) — Switzerland’s parliament elected Economy Minister Guy Parmelin as the country’s president for 2026, succeeding Finance Minister Karin Keller-Sutter.
Roche Breast Cancer Pill Cuts Risk of Return by 30% in Study
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(Bloomberg) — Roche Holding AG’s experimental pill reduced the risk of an invasive return of a form of breast cancer in a study that underscores the drug’s blockbuster potential.
Warren Requests UBS Chairman Give Details of Bessent Talks
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(Bloomberg) — US Senator Elizabeth Warren has written to UBS Group AG Chairman Colm Kelleher asking for details of any discussions he may have had with Treasury Secretary Scott Bessent over a potential relocation of the bank to the US.
Wall Street Holds Off on Big Bets Ahead of Fed Day: Markets Wrap
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(Bloomberg) — With less than 24 hours to go until the Federal Reserve’s final interest-rate decision of 2025, Wall Street traders put off placing big bets as they waited for clues to the central bank’s path for next year.
World’s Largest Airline Caterer Gategroup Said to Ready for IPO
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(Bloomberg) — The world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter said.
Airlines Set for Record Profit Despite Hobbled US Economy
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(Bloomberg) — Global airlines stand to earn a record $41 billion next year, with Europe contributing the biggest profit share as US carriers grapple with fallout from tariffs, tighter immigration enforcement and a lengthy government shutdown.
Switzerland Rejects Report on Retroactive US Tariff Reductions
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(Bloomberg) — The Swiss government rejected a report that a retroactive reduction of US tariffs has been agreed with Washington.
Novartis Strikes Deal With UK Biotech for Up To $1.7 Billion
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(Bloomberg) — Novartis AG will pay UK biotech Relation Therapeutics Ltd. as much as $1.7 billion to help find drug targets to treat allergic diseases.
Stocks and Bonds Slide at Start of Big Fed Week: Markets Wrap
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(Bloomberg) — Wall Street anxiety halted a four-day rally in US stocks while Treasuries joined a global bond slump ahead of the Federal Reserve’s final meeting of 2025. While an interest-rate cut is all but certain, traders are growing anxious about the pace of next year’s cuts.
Gold Surge Sees Shift to Speculative Asset From Haven, BIS Says
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(Bloomberg) — Retail investors drove the recent gold price surge, pushing bullion out of its traditional safe haven pattern to a more speculative asset, according to the Bank for International Settlements.
L’Oréal Boosts Bet on Skin Fillers by Doubling Galderma Stake
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(Bloomberg) — L’Oréal SA is doubling its stake in Galderma Group AG to 20%, as the French cosmetics and skincare company increases its bet on the maker of injectable fillers that rival Botox.
SNB Set to Avoid Negative Rate in Favor of ‘Lesser Evil’ for Now
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(Bloomberg) — The Swiss National Bank is set to offer clues on just how high its bar is for a return to negative interest rates with a decision expected to keep them at zero.
Powell on Track for Fed Rate Cut Despite Some Dissent
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(Bloomberg) — Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut this week despite growing unease among fellow policymakers that inflation remains too high.
